Meserve-Kunhardt Foundation Inc

Analysis

Meserve-Kunhardt Foundation Inc is a registered charity in United States, based in Pleasantville, NY. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meserve-Kunhardt Foundation Inc reported income of $4.6m and spending of $3.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.6m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Meserve-Kunhardt Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Illinois Railway Museum ($4.6m), East Tennessee Public Communications Corporation ($4.6m) and St George Theatre Restoration Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 30% of the total. Other salaries and wages came to $269k. At year end it held assets of $23.7m against liabilities of $27k, net assets of $23.7m. It reported 5 employees.